Octopus Energy will take over Iresa’s 90,000 customers from 1 August. Ofgem appointed Octopus under its ‘supplier of last resort’ mechanism after Iresa ceased trading earlier this week. Octopus Energy said it will honour outstanding credit balances, including money owed to…
News
Ofgem plans for ‘competition proxy’ on Hinkley link could face challenge from National Grid
by New Power •
National Grid may mount a legal challenge to Ofgem’s decision on how to finance and deliver a new transmission line needed to connect Hinkley Point C to the electricity network. The transmission network owner said, “We have previously raised concerns and will now review…
News
Ofgem calls for panels members to take forward consumer data standard
by New Power •
Ofgem is seeking participants in a project to develop a standard for data sharing and use in the energy sector. The regulator noted that better access to their own data would help consumers engage in the energy market. For example,…
Editor's blog
Electric vehicle users will have choice under Ofgem’s new charging proposals. What about the fuel-poor?
by New Power •
Ofgem’s proposed new charging regime for electricity networks hit the headlines this month because it suggested that electric vehicle users might be asked to pay more if they want to be guaranteed the right to charge the vehicle at peak…
News
Ofgem seeks nominations for expert panel to assess Electricity System Operator’s performance
by New Power •
Ofgem wants to recruit a panel of industry experts to monitor the performance of the Electricity System Operator, now being spun out of National Grid. The regulator says, “We want to pool the knowledge and experience of a wide array…
News
Banks completed refinancing for onshore wind farms
by New Power •
Banks Renewables, the renewable energy division of property and energy business the Banks Group, has completed an £82 million refinancing of seven of its existing wind farms across northern England, five of which were built using external finances and two…
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Rail freight company signs green deal to power offices
by New Power •
Rail freight company DB Cargo UK has signed a three-year agreement with SSE Business Energy to provide renewable electricity for DB’s rail sites and offices. SSE Business Energy will supply all sites belonging to DB Cargo UK and will allow…
News
National Gas & Power ceases trading – customers transferred to Hudson Energy
by New Power •
National Gas and Power Limited, a small non-domestic supplier with around 80 customers, has ceased trading. Ofgem has appointed Hudson Energy as supplier of last resort for the customers. Ofgem did not invite expressions of interest from suppliers other than Hudson Energy to become…
News
New home battery system allows domestic customers to offer grid support
by New Power •
Powervault has launched a new domestic battery, Powervault 3, that works with Powervault’s GridFlex software, to enable homeowners to earn an income for supporting the grid when it is under stress. Powervault won a commercial flexibility contract with UK Power Networks earlier this…